Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Polish New Zloty/Swedish Krona (FOREX:PLNSEK)
Long-Term Downtrend (-90) - PLNSEK is in a strong downtrend that is likely to continue. While PLNSEK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid PLNSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for PLNSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PLNSEK
The long-term trend has been DOWN since Sep 20th, 2021 at 2.2116
The intermediate-term trend has been DOWN since Sep 14th, 2021 at 2.2259
The short-term trend has been DOWN since Oct 14th, 2021 at 2.1930
Smart Scan Analysis for PLNSEK
Based on our trend formula, PLNSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).